Author: Legal Parivar

Avance Technologies’ share price locked in the 5% upper circuit during Thursday’s trade after the company announced plans to acquire up to 100% stake in Pushpak AI, a Hyderabad-based computer vision and Edge AI platform. The development marks Avance Technologies’ entry into the fast-expanding artificial intelligence market, projected to grow to $2.4 trillion by 2032. The BSE-listed penny stock opened at ₹1.90 against the previous close of ₹1.91 and climbed to ₹2, its upper price band for the day. What triggered the rally?In a stock exchange filing, Avance Technologies said it has signed a non-binding term sheet to acquire full…

APL Apollo Tubes Ltd, the world’s largest branded structural steel tube manufacturer, reported all-time high Q3FY26 sales of 916,976 Ton, marking an 11% YoY and 7% QoQ growth. For 9MFY26, total sales volume reached 2.57 million Ton, up 11% from the same period last year. The company’s product range includes Heavy, Light, General, Z Rust-proof Coated, and Galv Agri/Industrial tubes, with all segments contributing to strong quarterly growth. APL Apollo operates 11 manufacturing units across India and one in UAE, offering over 3,000 structural steel tube varieties and a wide distribution network of 800+ distributors across 300+ towns and cities.…

Royal Enfield, a division of Eicher Motors Limited, sold 1,03,574 motorcycles in December 2025, marking a 30% growth over the same month last year. Domestic sales rose to 93,177 units, up 37% YoY, while exports stood at 10,397 units. For the year-to-date (April–December FY26), Royal Enfield reported 9,21,098 units sold, up 27% from 7,27,077 units in the same period last year. Domestic sales contributed 8,21,908 units, a 26% YoY increase, while international shipments surged 34% to 99,190 units. The brand continues to expand its presence globally, with over 2,074 stores in India and 1,212 stores across 80+ countries. Royal Enfield…

Maruti Suzuki India Limited (MSIL) reported total sales of 217,854 units in December 2025, driven by strong domestic and export performance. Domestic passenger vehicle sales reached an all-time high of 182,165 units, while sales to other OEMs stood at 9,950 units. Exports contributed 25,739 units. With this, Maruti Suzuki closed calendar year 2025 with record total sales of 2,351,139 units, including highest-ever exports of 395,648 units. December 2025 Sales Highlights: Total Domestic PV+LCV+OEM Sales: 192,115 unitsTotal Exports: 25,739 units Maruti Suzuki’s performance underscores strong domestic demand and global competitiveness, capping off a robust 2025 for the Indian auto giant.

Kalpataru Projects International (KPIL), along with its joint venture, has won new orders worth Rs 719 crore for an elevated metro rail project in Thane, Maharashtra. The project strengthens KPIL’s presence in India’s growing urban transportation EPC sector. The company, an EPC leader in power transmission, distribution, and civil infrastructure, recently highlighted its strong order intake and diversified portfolio, reinforcing confidence in upcoming growth opportunities. Earlier, KPIL had secured orders worth Rs 2,003 crore across Buildings & Factories (B&F) and power T&D segments in India and overseas. As of September 30, 2025, its consolidated order book stood at Rs 64,682…

ndian equity markets gave up early gains in the first trading session of 2026, with Sensex falling 200 points from the day’s high and Nifty trading below 26,150. At 11:44 am, Sensex stood at 85,255.59 (+0.04%) and Nifty at 26,145.75 (+0.06%). Around 1,962 shares advanced, 1,564 declined, and 166 remained unchanged. The market decline was driven by: Benchmarks are expected to remain sideways in early 2026, with selective buying amid low liquidity and key triggers including quarterly earnings, India-US trade developments, and the upcoming Union Budget.

Tata Steel shares began 2026 on a strong note, climbing 1.2% intraday on January 1 to ₹182.20, marking a fourth consecutive session of gains. The four-day cumulative rally now stands at 8%, pushing the stock to a one-month high. Key Drivers: Corporate Developments: The positive sentiment in Tata Steel reflects government policy support combined with strategic growth initiatives, making the stock one of the top performers in the metals sector.

Shares of Indian auto companies rose in early January trading as several automakers released December 2025 sales figures, boosting investor sentiment. The Nifty Auto index climbed over 0.7% to 28,396.30, extending gains for the third consecutive session. Key stock movements: Other highlights: The positive momentum in auto stocks comes amid policy support, such as SUV tax cuts in India in September 2025, which lowered the levy for engines above 1,500cc from ~50% to 40%, boosting demand for Mahindra SUVs.

Budget hospitality chain OYO ’s parent company, Prism, has reportedly filed a confidential Draft Red Herring Prospectus (DRHP) with SEBI for an IPO of up to Rs 6,650 crore. The proposed offering will comprise entirely fresh equity shares and is expected to value the company at $7–8 billion, potentially marking one of the largest listings by an Indian startup in recent years. The filing follows Prism’s extraordinary general meeting (EGM) on December 20, 2025, where shareholders approved the capital raise. ICICI Securities, Axis Capital, Goldman Sachs, and Citibank are among the book-running lead managers, with an expanded syndicate handling the…

The United States has expanded its travel restrictions, adding citizens from seven more countries to its existing travel ban, effective January 1, 2026. President Donald Trump signed the proclamation on December 16, 2025, significantly widening limits on entry into the US for foreign nationals from 39 countries, including individuals travelling on documents issued by the Palestinian Authority (PA). The latest order builds on a June 4, 2025 proclamation, which had imposed restrictions on foreign nationals from 19 countries. Under the revised framework, 19 countries will face a full suspension of entry, while 20 countries will be subject to partial suspension.…